Really enjoyed the latest SuitWatch from Doc Searls. Here is how it starts…
It’s the Fifties all over again. I’m not talking about the conformist Eisenhower Fifties, with its poodle skirts and tail fins. I’m talking about the rock & roll Fifties, when the music business got blown up and consumer electronics was born. Now, almost five decades later, we’re seeing the music business getting blown up again and the consumer electronics business right along with it. The first explosion is obvious, but the second one isn’t.
I hadn’t really grasped what Apple and iPod are doing. Makes me want to buy some shares. MotleyFool pointed out earlier this week that they’ve got about $12 in cash per share. So at $22 price per share and $0.99 per song, the actual operations are now selling for about ten songs per share. Maybe we can blow up financial analysis, too.